Thank you for sharing!

Your article was successfully shared with the contacts you provided.

The Durbin Amendment isn’t saving most merchants much money on debit interchange fees, and the few that are saving money aren’t passing those savings on to consumers, according to a new study released by the Federal Reserve Bank of Richmond.

The amendment, which is part of the Dodd-Frank Act and took effect in 2011, put a cap on debit interchange fees in an effort to reduce the cost of accepting card payments. The move was publicized as a way to help merchants and in turn consumers, who would – at least in theory – benefit from lower prices.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

Tina Orem


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.